Parking app SpotHero has acquired rival Parking Panda, the companies said on Thursday.

Winning model: On-demand parking apps that dispatch valets to pick up and drop off a customer's car became all the rage a few years ago, but Chicago-based SpotHero took another approach: Letting its customers find and book a parking spot ahead of time and park on their own, avoiding the high costs of employing valets.

The perils of managing and paying for labor is a lesson most of the on-demand valet startups have learned the hard way. Several have since shut down or moved away from selling to consumers, while Luxe, the last of the original valet apps, recently stopped operations in some cities and added less labor-intensive options, including self-serve parking.

The deal: The acquisition means that SpotHero will instantly expand to 20 new cities, including some in Canada, where it previously didn't operate. ParkingPanda also has deals with sporting and event venues, as well as some municipalities like Sacramento. There are no plans for layoffs, and it was an all-stock deal, SpotHero CEO Mark Lawrence told Axios.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4 p.m. ET: 31,175,205 — Total deaths: 962,076— Total recoveries: 21,294,229Map.
  2. U.S.: Total confirmed cases as of 4 p.m. ET: 6,829,956 — Total deaths: 199,690 — Total recoveries: 2,590,695 — Total tests: 95,121,596Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Media: Conservative blogger who spread COVID-19 misinformation worked for Fauci's agency.
  5. Politics: House Democrats file legislation to fund government through Dec. 11.
  6. World: "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.

McConnell: Senate has "more than sufficient time" to process Supreme Court nomination

Senate Majority Leader Mitch McConnell (R-Ky.) said in a floor speech Monday that the chamber has "more than sufficient time" to confirm a replacement for Supreme Court Justice Ruth Bader Ginsburg before the election, and accused Democrats of preparing "an even more appalling sequel" to the fight over Brett Kavanaugh's confirmation.

Why it matters: Senate Minority Leader Chuck Schumer (D-N.Y.) has said "nothing is off the table next year" if Republicans push ahead with the confirmation vote before November, vowing alongside Rep. Alexandria Ocasio-Cortez (D-N.Y.) to use "every procedural tool available to us to ensure that we buy ourselves the time necessary."

House Democrats file legislation to fund government through Dec. 11

House Speaker Nancy Pelosi (D-Calif.). Photo: Chip Somodevilla/Getty Images

House Democrats on Monday released their proposal for short-term legislation to fund the government through December 11.

Why it matters: This is Congress' chief legislative focus before the election. They must pass a continuing resolution (CR) before midnight on Oct. 1 to avoid a government shutdown — something both Hill leaders and the White House have claimed is off the table.